Freestanding Automotive Service
For Sale
$339,000
4143 Duff Drive, Hudson, NC 28638
Commercial Sale, Hudson, NC
Property Size4,000 SF
Lot Size0.70 Acres
Price / SF$84.75
Days on Market45
Property Features for 4143 Duff Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
H-B
Lot features
Cleared
Standard status
Active
APN
03 39 1 3
Lot size
0.70 Acres
Taxes and HOA fees
Tax Description
NCPIN:2766453580
Legal Description
NCPIN:2766453580
Amenities
garage doors
office
bathroom
Building Details
Year built
1974
Floors in Building
1
Flooring type
Concrete
Building materials
Metal
Listing Agency:
Baker Realty
(828) 726-0003
Listed By:
Julian Baker · License #103327
(828) 493-3184
Added: Aug 13
Changed: Sep 12
Last Checked: Sep 26 at 1:06PM
MLS# 4411675
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1974, this steel-framed automotive service building contains approximately 4000 sq ft on a 0.7-acre site. The main structure includes four 12 x 14 garage doors, a lift, heat that requires connection to gas, a small office, and a bathroom. Concrete flooring supports service-oriented operations, while on-site parking is available for a large operation.
The property is located in the Sawmills area near Hudson, Lenoir, and Hickory, NC. Highway business zoning allows an automotive repair business. An additional building is also present on the site and is in need of repair.
The property is located in the Sawmills area near Hudson, Lenoir, and Hickory, NC. Highway business zoning allows an automotive repair business. An additional building is also present on the site and is in need of repair.
Key Highlights
- Approximately 4000 sq ft main building on 0.7 acres
- Highway business zoning allows automotive repair use
- Four 12 x 14 garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$441,240
$441.2K
Cap Rate 7%
$315,171
$315.2K
Cap Rate 9%
$245,133
$245.1K
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.2K $8.04/SF
− Vacancy
−$643 −$0.16/SF
EGI
$31.5K $7.88/SF
− OpEx
−$9.5K −$2.36/SF
NOI
$22.1K $5.52/SF
Area
Caldwell County, NC
Vacancy
2.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$441,240
Cap Rate 7%
$315,171
Cap Rate 9%
$245,133
Alternative Uses
Best Use
Retail
$574.8K
$503.0K – $670.6K
NOI $40,236 @ 7.0% cap · market cap 11.87%
Second Best
Industrial
$315.2K
$275.8K – $367.7K
NOI $22,062 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$912.8K
$798.7K – $1.06M
NOI $63,898 @ 7.0% cap · market cap 18.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
3,686 visits/mo
0.3 miles
Discount Tire Store
Shops & Services
1,555 visits/mo
0.3 miles
Demographics for 28638, NC
11,880
Population
4,961
Households
2.4
Avg Household Size
44
Median Age
19%
College-Educated
84%
High-School Grad
20.0 sq mi
ZIP Area
594
Density / Sq Mi
$58,914
Median Household Income
$36,330
Median Earnings
$693
Median Rent
$174,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- J&D Autoworx — 4472 Rual Dr, Granite Falls, NC 28630
- Impressive Auto Collision Repair Center — 1956 Jody Dr, Hudson, NC 28638
- Buchanan Auto Center — 4407 Sawmills School Rd, Granite Falls, NC 28630
- Speedway Small Engine — 4409 sawmills school rd, granite falls, nc 28630
- Bolick's Tire — 4010 US 321-A Alt, Hudson, NC 28638
Frequently Asked Questions
What type of property is this?
Auto shop - Highway business zoning supports automotive repair use, with on-site parking and dedicated office and bathroom space.
Where is this auto shop located?
The property is located at 4143 Duff Drive Hudson, NC.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Approximately 4000 sq ft main building on 0.7 acres; Highway business zoning allows automotive repair use; Four 12 x 14 garage doors
